We made two new Kiva loans this week.
While we don’t make loans very often, we do whenever we get the chance and are happy to help our fellow men and women.
Yrma is 43 years old and lives with her husband and sons in the Oyotun neighborhood, a community dedicated to agriculture, trade and livestock, located in the province of Chiclayo which is part of the Lambayeque Region on the north coast of Peru .
She sells beer retail, plus the sale of llonque (a local drink). Her business is located in her home. She has requested a loan of 2600 soles to buy beer for her business and thus generate more income for her family.
Madiha is from central Israel and has an organic pesticide business. She has been trained in pesticides with special training in organic and green products. Madiha’s business is successful and as she has made the change to organic and green products she has also increased her outreach and educational information. She is a dedicated professional who also underwent business and microenterprise development training.
She needed this loan to assist in purchasing organic pesticides, green pest control products, educational flyers, sprayers, protective clothing and PR.
Madiha is managing her business well. She wants to expand in the future not just to households and offices but to medical complexes and larger businesses.
Our portfolio so far is:
$103.19 in outstanding loans (including the $50 above)
*Please note that the same $100 or so keep cycling, it’s not like we have $500 sitting around.
2 loans raising funds
3 loans paying back
3 loans ended with loss (were never fully paid back)
13 loans paid back